Dan Schwartz on Budget & Economy

Tax abatements are not needed to entice new business

Schwartz has been critical of the Governor's Office of Economic Development, saying the state is giving away too much money in tax abatements. "The cost of doing business here is about a third of what it is in California. Those are incentives enough,"
he said. "I'm certainly sensitive to the argument that we're competing with other states. But we have a lot to offer. I don't know that we have to give away our tax base to accommodate businesses that should come here in the first place."